Archive for the Business Category

For the second year in a row, Bloomberg Rankings presents its exclusive analysis of countries around the world based on how attractive they are to business. With its relatively low cost of starting a business, as well as its import and export efficiencies, among other factors, Hong Kong again takes top honors. The U.S. moves up a notch from last year to second place, and Japan jumps from seventh to No. 3.

For this study, Bloomberg Rankings analyzed data from 11 sources. In all, 161 nations were ranked on six broad criteria that included the cost of starting a business, the cost of labor and materials and the cost of moving goods. The study also considered each country’s level of global economic integration, the “readiness” of its consumer base to participate in economic activity and “less tangible” costs such as inflation and accounting adaptability.

Again, the so-called BRIC countries make a relatively poor showing. China drops to 24th place from 19th last year. India, Russia and Brazil don’t even clear the top 50, ranking Nos. 54, 56 and 61, respectively.

2012 Rankk

2011 Rankk

Country

Score

Degree of econ. integrat.

Cost of setting up a business

Cost of labor & material

Cost of moving goods

Less-tangible costs

Readiness of local consumer base

1

1

Hong Kong

79.6%

75.3%

96.7%

61.8%

88.6%

79.7%

67.4%

2

3

United States

77.0%

82.1%

82.3%

76.7%

85.2%

67.2%

65.4%

3

7

Japan

75.6%

82.3%

70.8%

78.2%

81.1%

66.6%

80.0%

4

2

Netherlands

75.3%

70.1%

71.6%

69.0%

87.7%

78.6%

69.3%

5

6

Germany

74.6%

82.9%

61.8%

73.5%

87.4%

71.3%

75.2%

6

5

Australia

74.4%

79.2%

70.3%

73.0%

81.4%

73.1%

69.2%

6

12

Canada

74.4%

65.1%

71.8%

68.5%

86.2%

75.9%

74.0%

8

9

Singapore

74.0%

57.9%

90.4%

52.2%

87.9%

77.3%

66.7%

9

17

Denmark

73.8%

77.9%

84.4%

60.1%

73.2%

79.0%

66.7%

10

4

United Kingdomm

73.4%

82.7%

69.0%

71.4%

81.7%

70.2%

66.7%

11

9

Austria

73.2%

79.2%

80.7%

66.8%

72.4%

71.0%

70.6%

12

14

Sweden

72.8%

78.2%

69.2%

70.8%

76.0%

73.3%

71.7%

13

13

Belgium

72.5%

70.7%

85.6%

68.6%

81.2%

58.3%

66.8%

14

8

France

71.9%

75.8%

72.1%

69.7%

81.5%

63.4%

69.7%

15

16

Finland

71.4%

75.1%

59.9%

68.1%

79.5%

76.9%

69.7%

16

21

Spain

71.0%

72.1%

66.8%

71.3%

81.5%

65.4%

67.4%

17

11

Switzerland

70.0%

71.3%

70.5%

65.3%

67.3%

76.3%

69.5%

17

24

United Arab Emirates

70.0%

69.1%

59.0%

64.3%

90.9%

71.0%

60.2%

19

18

Norway

69.8%

81.8%

66.9%

59.7%

67.5%

78.0%

72.2%

20

22

Poland

69.7%

77.0%

63.7%

71.2%

68.6%

67.9%

77.0%

21

29

South Korea

69.6%

56.2%

69.8%

72.9%

78.6%

63.6%

69.5%

22

26

Ireland

69.2%

54.5%

77.3%

63.4%

68.6%

79.0%

61.2%

23

20

Italy

68.6%

69.7%

77.8%

71.2%

70.4%

55.6%

66.8%

24

19

China

68.5%

80.3%

73.3%

70.8%

82.5%

43.7%

64.4%

24

15

Luxembourg

68.5%

39.1%

89.4%

45.9%

75.1%

81.1%

62.4%

26

22

Chile

67.9%

65.7%

74.1%

60.5%

72.6%

71.3%

56.7%

27

29

Qatar

67.1%

62.9%

63.7%

65.6%

76.5%

68.8%

59.3%

28

32

Malaysia

66.7%

73.7%

69.2%

63.5%

80.8%

52.8%

60.6%

29

37

NewZealand

66.3%

74.6%

68.6%

44.1%

74.5%

76.5%

60.7%

30

29

Portugal

66.1%

54.7%

74.3%

57.0%

73.4%

69.3%

58.1%

31

27

Hungary

65.8%

61.1%

73.3%

68.7%

58.1%

65.6%

65.9%

32

46

Cyprus

65.7%

55.5%

76.0%

49.6%

66.4%

72.9%

71.9%

33

34

Czech Republic

65.1%

68.7%

63.3%

70.0%

62.8%

60.4%

69.5%

34

25

SouthAfrica

64.7%

56.5%

65.7%

71.0%

76.0%

59.2%

46.4%

35

55

Slovenia

63.9%

52.3%

65.6%

56.4%

68.9%

70.4%

63.8%

36

28

Latvia

63.5%

60.6%

74.7%

61.5%

66.3%

53.9%

61.7%

37

40

Lithuania

63.1%

57.6%

62.8%

62.9%

72.4%

54.6%

67.9%

38

41

Turkey

62.9%

70.4%

59.8%

66.9%

73.3%

41.5%

75.1%

39

59

Iceland

62.8%

36.0%

73.0%

46.4%

70.6%

73.5%

65.2%

39

41

Israel

62.8%

68.0%

67.8%

58.5%

65.1%

59.2%

58.5%

41

52

Mauritius

62.7%

34.7%

83.5%

47.9%

67.8%

62.8%

68.9%

42

44

Saudi Arabia

62.6%

67.3%

57.3%

61.9%

77.6%

54.3%

56.3%

43

43

Bulgaria

62.2%

65.9%

67.3%

62.9%

55.5%

59.2%

66.2%

43

34

Estonia

62.2%

57.6%

70.7%

55.8%

64.8%

60.3%

61.8%

43

53

Greece

62.2%

67.8%

59.2%

60.5%

64.5%

60.8%

64.0%

43

60

Thailand

62.2%

72.7%

74.1%

61.9%

73.3%

39.4%

51.6%

47

57

Bahrain

62.0%

53.8%

58.0%

47.4%

77.2%

76.0%

48.6%

47

32

Romania

62.0%

75.5%

54.6%

71.2%

56.7%

52.8%

74.2%

49

62

Croatia

61.9%

63.2%

65.1%

54.3%

63.4%

63.2%

63.9%

49

56

Peru

61.9%

60.4%

63.4%

66.5%

63.1%

54.6%

63.1%

Countries are ranked on a scale from 0 to 100 percent on six factors.

1. Degree of economic integration (weighting of 10%)

Includes membership in the World Trade Organization, most-favored nation tariffs, correlation to the global market, market concentration, reach of global market research and country risk.

2. Cost of setting up a business (20%)

Includes the costs, steps and time required, as well as financing a business and foreign direct investment.

But this info is not very accurate because by example Spain´s GDP is 30% larger than S.Korea at Nominal prices, for example. Unemployment increased from 9% to 26% during the four years of economic adjustment (not 50%), but precisely now the economy is much more productive. Labor costs have fallen and productivity has increased.

Some Spanish companies are among the biggest and more efficient in the World.
1. Inditex (Zara) is the largest cloth retaling company in the World.
2. Telefonica is the largest and more profitable Telecom company in the Eurozone (larger than Deutsche Telekom).
3. Santander is the largest and more profitable bank in the Eurozone (a third larger than Deutsche Bank)
4. Grupo ACS is the largest construction company in Europe (recently bought Hotchief, the largest construction company in Germany)
5. Acerinox is the largest company in the World in the area of stainless steel.
6. Iberdrola is the largest company in the World in the area of renewables.
7. INDRA is the largest European company in the area of flight simulators.
8. Airbus Military has its headquarters in Spain, which is the third shareholder of AIRBUS…etc, etc.

Public Debt is 10 points lower than the U.S. or the U.K., and already got a trade surplus with the rest of the E.U. Spain enjoys the second High-Speed networkd in the World, and Spanish companies like OHL are building the Saudi Arabian high speed railway, and also Spanish companies are enlarging the Panama Canal.

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